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2 years ago

One key difference between an oligopoly market and a competitive market is that oligopolistic firms.

1 answer:

3 0

A difference between an oligopolistic and a competitive firm is each firm's profits depend on other firms actions in oligopolistic markets while they do not in competitive markets.

<h3>What is a competitive firm?</h3>

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Buyers and sellers are price takers.

<h3>What is an oligopolistic firm?</h3>

An Oligopoly is when there are few large firms operating in an industry. A cartel is a type of oligopoly where two or more producers come together to regulate either the price of their good or the quantity of their goods that would be supplied.

Here are the options to the question:

a) each firm's profits depend on other firms actions in oligopolistic markets while they do not in competitive markets.

b) oligopotisfic firms sell completely unrelated products while competitive firms do not.

c) oligopolistic firms sell their product at a price equal to marginal cost while competitive firms do not.

d) oligopolistic firms are price takers while competitive firms are not.

To learn more about oligopolies, please check: brainly.com/question/26130879

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A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds t

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Answer: option b

Explanation: In simple words, collinearity refers to the condition under which some of the Independent variables in the model are related to each other. This international between independents variables can result into incorrect results while fitting the model.

Therefore, collinearity causes problem as the analyst prepares a model on the basis that there will be two inputs one is dependent another is independent but due to this phenomenon the expected input structure collides.

Hence from the above we can conclude that the economist should be concerned with col linearity.

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2 years ago

The difference between a job shadow and an internship is

Brilliant_brown [7]

A job shadow is usually very short term and involves following someone around to observe their work. An internship is usually a month or longer and is more formalized.

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2 years ago

Read 2 more answers

Equipment was purchased at a cost of $52,000. It had an estimated useful life of seven years and a residual value of $3,000. Ass

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D) a debit to gain on Sale of Asset

The transaction is going to be between Accumulated Depreciation account and Gain on Sale of Asset. The Depreciation account would be credited whiles the Gain on Asset account is Debited.

Explanation:

Cost = $52,000

Estimated useful life = 7 years

Residual value = $3,000

Depreciation for each year

($52,000 -$3,000) / 7 years = $7,000

Accumulated Depreciation as at year 6

<em>$7,000 * 6 years = $42,000</em>

Carrying amount as at the end of year 6 is

Sales price is $14,000.

Profit or loss on sale

(sales price - carrying amount)

Therefore the profit/gain on sale of asset of $4,000 will be debited in the gain on sale of asset account.

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3 years ago

Opponents of prohibition argued that doing this governmental regulations was contrary to basic constitutional values and consume

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The opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

<h3>What is the Moralizing regulation?</h3>

Basically, the term "Moralizing" means the action of commenting on issues of right and wrong, such as with an unfounded air of superiority or having an overly critical point of view on issues of right and wrong.

From the moral values, the government regulation can emphasizes respect for rules and ethical considerations as the rules are the supreme guarantor of morality, ethics, and justice.

However, the opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

Because the government rules are the supreme guarantor of morality, ethics, and justice, then, the government should grant scheduled importance to the law along the way of earning decisions.